Pepe Coin Risks 80% Drop as Double Top Nears Break

PEPE faces mounting pressure across timeframes as bearish formations emerge on both the 4-hour and daily charts. Technical signals point to weakening momentum, with key support levels now in focus amid potential continuation setups that could extend the token’s decline if confirmed.

PEPE tests key support as double top appears

PEPE/USDT shows a potential double top on the 4-hour chart, with the peaks capped near $0.00000625 to $0.00000654. Price trades around $0.00000597 and approaches support at $0.00000582, which aligns with the pattern’s neckline.

PEPE/USDT 4H Chart. Source: TradingView via @PepeEthWhale.

If price closes below $0.00000582 with rising sell volume, the break would confirm the setup. The measured move points to $0.00000551 as the next downside objective, matching prior congestion on this timeframe. Momentum gauges and candle closes around the neckline remain pivotal for confirmation.

However, if buyers defend $0.00000582, a rebound toward the $0.00000625–$0.00000654 resistance band stays on the table. In that case, traders will watch for lower highs to fade or a clean breakout with volume to invalidate the pattern. Until then, the 4-hour trend hinges on the neckline reaction.

PEPE daily chart flags bearish continuation toward 80% lower

Meanwhile the daily chart dated Nov. 12, 2025 shows PEPE created a bearish flag pattern beneath the falling 50-day EMA near $0.00000744. A bearish flag is a brief upward-tilting consolidation that forms after a sharp drop and often resolves lower in the direction of the prior decline. Price trades around $0.00000588 as the flag’s parallel boundaries compress, while volume eases during the pullback and RSI hovers near 38, signaling weak momentum.

PEPE/USDT 1D, Bearish Flag Setup. Source: TradingView

If PEPE closes below the lower flag trendline with expanding sell volume, the breakdown would confirm the pattern’s continuation. Based on the measured move from the preceding leg, an 80% drawdown from the current level targets roughly $0.00000118, aligning with historical demand near $0.00000113. 

Until confirmation, intraday bounces can retest the flag’s upper boundary; however, sustained strength likely requires a clean reclaim of the 50-day EMA and a close back above the flag top to invalidate the setup.